A business park office investment comprising a modern and purpose built semi detached building extending to approximately 585 Sq M (6296 SQ FT) (source EPC). The property is currently let in full producing an annual income of £66,000. We understand internal improvements have been made recently by the current tenant and the property benefits from allocated parking for a number of parking spaces.

Location

Madison Place is an established business park development comprising a small number of detached office blocks and parking, just 4 miles north east of Manchester City Centre. The immediate surrounding area is mainly business / office use with nearby occupiers including GMP and Fujitsu. A number of amenities are located on nearby Oldham Road which also allows easy access into Manchester.

Accommodation

Pugh & Co have not inspected the property internally although we understand from the vendor that the ground floor comprises a number of offices and meeting rooms whilst the first floor is mainly open plan. We are advised that the property benefits from kitchen and shower facilities.

Approx Site Area

Approximatley 308 Sq M (368 Sq Yds).

Tenure

Unknown

Planning

Interested parties should consult direct with the Local Planning Authority: Manchester City Council, Town Hall, Albert Square, Manchester, M60 2LA. Tel: 0161 234 5000.

Tenancy

We understand the building is let in its entirety to SLM Associates at a current rent of £66,000 per annum expiring July 2023.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

VAT

We understand VAT is applicable in addition to the purchase price.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 24TH MAY AND CLOSES ON WEDNESDAY 25TH MAY.

3. We understand VAT is applicable in addition to the purchase price.

4. Energy Performance Certificate = C.

4. The property is held on a 250 year leasehold title dated 21st June (less 7 days) 2007

Addendum

The property is held on a 250 year leasehold title dated 21st June (less 7 days) 2007